What Are The New Borrowing Restrictions For Foreigners Moneylenders Loan Academy Singapore MLA Singapore

What Are The New Borrowing Restrictions For Foreigners

Licensed moneylenders face further restrictions with regards to loan limits for foreign workers An announcement made by the Ministry of Law on July 15th revealed that low-income foreign workers in Singapore would only borrow up to S$500 from licensed moneylenders. Eight months earlier, the government had decreed that these workers could take a maximum of […]

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How Do I Identify A Loan Scam MLA Moneylenders Loan Academy Singapore

How Do I Identify A Loan Scam

WhatsApp messages and SMSes are being sent, offering credit services to random users. The senders (scammers) claim to be staff from a reputable and licensed moneylender. Some people are duped into transferring money as a deposit to aid in loan processing and disbursement. After making the transfer, you will realize that the scammers are gone […]

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